Allspring Global Investments Holdings LLC Decreases Holdings in Watts Water Technologies, Inc. (NYSE:WTS)

Allspring Global Investments Holdings LLC cut its stake in Watts Water Technologies, Inc. (NYSE:WTS) by 16.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,885 shares of the technology company’s stock after selling 551 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Watts Water Technologies were worth $601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP raised its holdings in shares of Watts Water Technologies by 47.5% during the 4th quarter. Allworth Financial LP now owns 174 shares of the technology company’s stock valued at $36,000 after buying an additional 56 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of Watts Water Technologies by 3.2% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,025 shares of the technology company’s stock valued at $350,000 after purchasing an additional 62 shares during the period. Prime Capital Investment Advisors LLC lifted its position in shares of Watts Water Technologies by 6.4% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,404 shares of the technology company’s stock worth $243,000 after purchasing an additional 84 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Watts Water Technologies by 50.3% in the fourth quarter. Fifth Third Bancorp now owns 281 shares of the technology company’s stock valued at $59,000 after purchasing an additional 94 shares during the period. Finally, Arizona State Retirement System grew its holdings in Watts Water Technologies by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 7,803 shares of the technology company’s stock valued at $1,349,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 95.02% of the company’s stock.

Insider Activity at Watts Water Technologies

In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $199.00, for a total value of $152,036.00. Following the completion of the sale, the insider now directly owns 14,236 shares in the company, valued at $2,832,964. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Watts Water Technologies news, major shareholder Timothy P. Horne sold 764 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $199.00, for a total value of $152,036.00. Following the sale, the insider now directly owns 14,236 shares in the company, valued at $2,832,964. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Virginia A. Halloran sold 1,520 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $202.11, for a total transaction of $307,207.20. Following the transaction, the chief accounting officer now owns 14,818 shares of the company’s stock, valued at approximately $2,994,865.98. The disclosure for this sale can be found here. Insiders have sold 5,113 shares of company stock worth $1,023,106 over the last quarter. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on WTS shares. Robert W. Baird upped their price objective on shares of Watts Water Technologies from $191.00 to $208.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Stifel Nicolaus raised their price objective on Watts Water Technologies from $206.00 to $209.00 and gave the company a “hold” rating in a research note on Wednesday, April 17th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Watts Water Technologies currently has an average rating of “Hold” and a consensus price target of $191.20.

Watts Water Technologies Trading Down 2.1 %

Watts Water Technologies stock opened at $201.40 on Friday. Watts Water Technologies, Inc. has a 52-week low of $156.29 and a 52-week high of $219.52. The company has a quick ratio of 1.63, a current ratio of 2.61 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 25.75, a PEG ratio of 3.03 and a beta of 0.94. The firm has a 50-day moving average price of $203.82 and a two-hundred day moving average price of $197.85.

Watts Water Technologies (NYSE:WTS) last issued its quarterly earnings data on Monday, February 12th. The technology company reported $1.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.19. Watts Water Technologies had a return on equity of 19.38% and a net margin of 12.75%. The business had revenue of $547.50 million during the quarter, compared to the consensus estimate of $532.58 million. During the same period in the previous year, the firm posted $1.60 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts expect that Watts Water Technologies, Inc. will post 8.53 earnings per share for the current year.

Watts Water Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Thursday, February 29th. Watts Water Technologies’s dividend payout ratio (DPR) is presently 18.41%.

Watts Water Technologies Profile

Watts Water Technologies, Inc, together with its subsidiaries, supplies products and solutions that manage and conserve the flow of fluids and energy into, through, and out of buildings in the commercial, industrial, and residential markets in the Americas, Europe, the Asia-Pacific, the Middle East, and Africa.